57-59 George Street, Luton, Bedfordshire, LU1

Description

• This is a highly prominent property, situated at the heart of Luton Town centre which benefits from high levels of footfall and daily custom ensuring longevity of the leasehold interest
• The property is split across ground floor and basement, with the ground floor benefitting from an extensive fit-out by the current tenant who is trading as part of the German Doner Kebab franchise.
• Let to Tas Foods Limited t/a German Doner Kebab on a 15- year lease commencing 2018 at a passing rent of £30,000 per annum exclusive giving a gross investment yield of 6.06%. There is a rent review due in 2026 followed by a tenant-only break option in 2028.

Location

• This investment is situated within the pedestrianised Luton town centre, in the middle of George Street, which is the town's main high street
• The property is opposite the entrance to The Mall shopping centre and benefits from high levels of public footfall as a result
• In the vicinity are a mixture of local, regional, national and international businesses - most notably Primark, McDonalds, Specsavers, NatWest, Nationwide, Santander and Lloyds
• Luton Mainline Train Station, Bedfordshire University, and The Mall shopping centre are a few minutes' walk away